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Project Location
5313 Ridge Ave., Philadelphia, PA 19128
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Pre-stabilized acquisition of newly constructed in-fill multi-family community located in the Roxborough section of Philadelphia. High barrier to entry market with limited new supply and aging existing stock.
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Fund Partnership
Coventry Realty Partners, LTD
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36 apartment units (30) 1BR, (6) 2BR
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>3,200 square feet of ground-floor retail space
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20 off-street parking spaces
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Business plan anticipates leasing to 100% occupancy within six months of acquisition, including the retail space. Property includes an expansive roof-top deck with views overlooking Roxborough, Manayunk, and the Schuylkill River.
Anticipated closing: 4th quarter, 2021
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Pre-stabilized acquisition of newly constructed in-fill multi-family community located in the Roxborough section of Philadelphia. High barrier to entry market with limited new supply and aging existing stock
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36 apartment units (30) 1BR, (6) 2BR
over 3,200 square feet of ground-floor retail space
20 off-street parking spaces
Business plan anticipates leasing to 100% occupancy within six months of acquisition, including the retail space. Property includes an expansive roof-top deck with views overlooking Roxborough, Manayunk, and the Schuylkill River.
Anticipated closing: 4th quarter, 2021
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